The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Anita Kaushik
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Anita Kaushik, a member of the Promoter Group of Inflame Appliances Ltd, has acquired 13,20,600 equity shares (17.63% of total shareholding) from Mr. Aditya Kaushik by way of a gift as part of a private family arrangement. No monetary consideration was involved in the transfer. As a result, Anita Kaushik's holding rose from 7,200 shares (0.10%) to 13,27,800 shares (17.73%), while Aditya Kaushik's holding reduced from 30,13,400 shares (40.23%) to 16,92,800 shares (22.60%). Both parties belong to the Promoter Group, so the total promoter group shareholding in the company remains unchanged. The transaction is exempt from an open offer under Regulation 10(1)(a)(ii).
This is an internal promoter family reshuffle with no cash flowing into or out of the company. There is no change in total promoter group ownership and no impact on minority shareholders or the stock price is expected from this transaction.